Article by: Simplifying the Market™Originally Published: July 16, 2018, 10:00 amAccording to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves […]
House-Buying Power at Near-Historic Levels
Article by: Simplifying the Market™Originally Published: July 12, 2018, 10:00 amWe keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American […]
Rising Interest Rates Have Not Dampened Demand
Article by: Simplifying the Market™Originally Published: July 11, 2018, 10:00 amSince the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released […]
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